International Game Tech to shutter Japanese operations, expects to book charge of up to $20MBy AP
Thursday, February 11, 2010
IGT to close Japanese operations, to post charges
RENO, Nev. — International Game Technology said Thursday that it will shutter its Japanese operations, citing difficult market conditions.
The maker of slot machines and casino systems anticipates charges of up to $20 million in its fiscal second and third quarters related to the closure.
Last month IGT said its first-quarter profit rose 20 percent despite a drop in revenue, helped some by one-time accounting adjustments.
Shares of International Game Technology added 2 cents to $17.73 in morning trading.
Tags: Asia, East Asia, Geography, Japan, Nevada, North America, Reno, United States